The price is at the intersection of the canals. Yesterday there was a small leap in growth, but she again returned to support. The downtrend is driven by the channel since December last year. During the fall in the channel (December 2020), the price broke through the resistance at 1.198 (the border of the older channel). Then it continued to fall and came to support 1.187 (the border of the younger channel). I expect the price to continue to fall. 1. Will break through support 1.187. 2. Will fix on the line 1.184. 3. Will come to support. The target is 1.178.
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The US is discussing a major infrastructure development plan while officials reject inflation, which is positive for the dollar.
TradingAlchemist
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data on sales of new housing for february is almost ready. it is expected that they will deprive continued growth in demand, as well as statistics on sales of secondary housing.
Solldy
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You were right about the last idea! The price really managed to bounce off this resistance line! Apparently this line is starting to gain momentum in importance! After 1.1785, where are we going to head? Down and only DOWN?